Former head of major Australian retailer appointed to Fonterra board

Holly Kramer has held a range of sales, marketing or senior leadership roles.
Holly Kramer has held a range of sales, marketing or senior leadership roles. Photo credit: Supplied/Twitter

Dairy giant Fonterra has announced the appointment of a new independent director to fill a position left by Simon Israel.

Holly Kramer will join the Fonterra Board as an independent director on 11 May 2020 to replace Israel who retired from the Fonterra board in November last year. 

Kramer is based in New South Wales and has extensive governance, multinational, and retail business experience.

She currently holds a number of governance positions, including the board of Woolworths where she is an independent non-executive director and Australia Post where she is deputy chair and an independent non-executive director.

During her management career, she held sales, marketing or senior leadership roles at the Ford Motor Company, Telstra Corporation and Pacific Brands. 

She was also chief executive of major Australian retailer, Best & Less.

Fonterra chairman John Monaghan said the board was pleased to welcome Kramer.

"Holly's experience in customer-centred leadership, transformation, e-commerce, technology and multinational organisations will complement the existing collective skill set of our board.

"She has a strong record of creating shareholder value across a broad range of industries and shares our commitment to the highest standards of governance.

"Holly's experience, energy and international perspective will be assets for our co-operative," said Monaghan.

Farmers will be asked to ratify her appointment as part of voting at this year's annual meeting.

In accordance with the Fonterra Shareholders' Market Rules, the board of Fonterra Co-operative Group Limited has determined that Ms Kramer will be an independent director.